Diamond Offshore (DO) Receives Order for Deepwater Semisubmersible Rig
Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that a subsidiary has entered into a contract with Keppel AmFELS shipyard in Brownsville, Texas for the construction of a moored semisubmersible rig with delivery scheduled for the third quarter of 2013. Total cost, including commissioning, spares and project management, but excluding capitalized interest, is expected to be approximately $300 million and to be paid out of available funds.
The rig, to be named the Ocean Onyx, will be designed to operate in water depths up to 6,000 feet and will have a variable deck load of 5,000 long tons, a five-ram blowout preventer, and quarters capacity for 140 personnel.
“We think significant opportunity remains for new deepwater units,” said Larry Dickerson, President and Chief Executive Officer of Diamond Offshore. “No new capacity targeting the standard midwater and deepwater markets is currently under construction, and this rig should be ideally suited to meet emerging demand in this segment. When added to our three ultra-deepwater drillships under construction, this unit will continue the process of renewing Diamond’s fleet.”
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The rig, to be named the Ocean Onyx, will be designed to operate in water depths up to 6,000 feet and will have a variable deck load of 5,000 long tons, a five-ram blowout preventer, and quarters capacity for 140 personnel.
“We think significant opportunity remains for new deepwater units,” said Larry Dickerson, President and Chief Executive Officer of Diamond Offshore. “No new capacity targeting the standard midwater and deepwater markets is currently under construction, and this rig should be ideally suited to meet emerging demand in this segment. When added to our three ultra-deepwater drillships under construction, this unit will continue the process of renewing Diamond’s fleet.”
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